• The Journal of Fisheries Business Administration
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• v.47 no.1
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• pp.1-20
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• 2016

The purpose of this study is to assess the effects of outlook project for olive flounder, from the view point of price stabilization, market efficiency, and causality of the prices in different distribution channels. Analytical results show that the volatility of producer price of olive flounder has been significantly mitigated after the implementation of the outlook project. The market efficiency is estimated to be improved after implementing the outlook project although there is an inefficiency on price determination process in some producing regions. The causality test on the producer and wholesale price shows that producing stage leads the wholesale stage in forming the prices. It is found that Jeju leads the flounder price on the size of 500g and 2kg, while Wando leads the price of 1kg size. These estimation result as whole indicate that outlook project for olive flounder has accomplished the intended goals.

• Journal of the military operations research society of Korea
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• v.30 no.2
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• pp.13-31
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• 2004

This paper aims at efficient determining the economic life of weapon systems. Specifically, the procedure to estimate the life cycle cost at initial acquisition state or at development state using the PRICE model is proposed. The PRICE model is a parametric cost estimation which is widely used in the field of national defense. The model includes the estimation of the cost in life cycle of weapon systems such as research and development, acquisition, operation and support. Using this model, economic life of weapon systems can be determined. Based on an equivalent annual cost (EAC) method which sums the capital recovery with return (CR) and the equivalence cost (EC), the economic life will be calculated. A case study is accomplished to illustrate the proposed procedure.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.512-514
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• 2001

Recently, Korea's electric industry is in the midst of a period of profound changes in the structure and function, including the introduction of market competition in the generation sector. Korea is in the early stages of market competition, so the market price is chosen by generation costs but will be chosen by bids in future. Therefore, the profits of generators is determined by market pool price and the prospects of pool price are very important for new capacity investment determination of generators and IPPs. This study analyzes hourly marginal costs and LOLP considering basic generation mix and characteristics, develops the relationship of pool price using the above in competition market, and proposes basic direction for profits variation and supply-demand analysis in the electric market in future.

• The Journal of Society for e-Business Studies
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• v.14 no.3
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• pp.15-37
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• 2009

This study presents a new retrieval system developed to consider various preferential requirements for buyers in the real estate market. The paper analyses essential factors affecting the price of real estate and then a set of factors are classified by region-related factor and individual-related factor. After endowing the buyer's selected factors with weights in the retrieval system, the optimal solutions have been drawn by comparing with the others through an entropy measure of Multi-attribute Decision Making. This retrieval system is applied to the Busan real estate market to estimate the solutions of retrieval. Evaluation results indicate that the retrieval system can provide useful information to analyse the price determination factors of real estate, as well as to save the searching cost of the buyers.

• Korean Journal of Construction Engineering and Management
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• v.15 no.2
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• pp.33-43
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• 2014

Goods, services and construction works needed by central government entities, local government entities, and other public institutions are procured with national budget. For efficient budget execution, Article 9 Paragraph 1 of the Enforcement Decree of the Act on Contracts to Which the State is a Party (hereinafter "State Contract Act") provides for the criteria for determining estimated price. Sub-paragraph 2 of the paragraph provides for the "determination of estimated price by cost calculation". On this legal basis, pricing criteria for the determination of estimated price, based on the project purpose, are announced by responsible authorities. This study analyzes the pricing criteria for technology services and proposes a price calculation methodology that can ensure transparency, as a practical improvement for more rational and efficient budget execution in the public sector.

• Architectural research
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• v.13 no.3
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• pp.49-56
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• 2011

Competitive bidding in construction is concerned with contractors making strategic decisions in respect of determination of bid price if contractors opt to bid. This study presents a strategy model for deciding optimum tender price with reflecting appropriate profit in competitive bidding using Bayesian regression analysis (BRA). The purpose of the developed model is to help contractors to secure suitable profitability by predicting the actual profit based on key variables. They may affect construction cost at bidding phase, ultimately which help contractors to secure high quality output. The model was tested empirically by application to a bidding dataset collected from a large South Korea contractor. BRA allows contractors to estimate more accurate actual profit by reflecting not only objective information but also subjective experiences and judgments. Consequently, the model can contribute to improvement of decision-making process for setting an optimum tender price.

• Journal of the Korean Operations Research and Management Science Society
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• v.14 no.1
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• pp.51-58
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• 1989

A joint economic ordering problem between supplier and customer has been formulated where a supplier has to pay the freight cost which follows the principle of economy of scale. An algorithm is given to determine order size and price simultaneously which give gains to both parties. A scenario is presented within which both parties come to a mutual agreement on the revised order size and price by utilizing quantity discount schedule.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.20 no.2
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• pp.199-206
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• 2002

The application of GSIS for most route determination is provided by selecting several basic data such as land use, land construction quantity and land price, and then establishing a database to analyze for the route determination. However, this strategy rarely considers the complicated multi-factors that are essential for route determination. To solve this problem, it is required to use the GSIS and attempt to support the decision of majority for optimum route determination and standardize the route determination procedure. Accordingly, in this study, the qualification of multi-factors was attempted using the AHP technique, and so the data for the route determination was provided effectively, which resulted in the optimum route determination. As a result of applying the AHP technique, optimum routes were selected more rationally than randomly applying the values of multi-factors as before.

• Journal of the Korean Society of Clothing and Textiles
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• v.22 no.8
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• pp.1099-1110
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• 1998

The perceived quality is a concept considered from the consumer's perspective. So it is differ from the objective determination of product quality. Thus the consumer perception of quality is a subjective judgement of an individual and an overall feeling on the characteristics which includes the product's reliability, performance and so on. In terms of product perception, consumers utilize the product cues in evaluating the product's quality before the purchase and the cues reflecting the quality can be classifisied into intrinsic and extrinsic ones. When the quality perception is limited to the purchase situation, purchase decision dependent on surrogate indicators such as price, are inclined to increase due to the lack of information. Therefore in this study the perceived quality of apparel is controled to the purchase situation in order to examine the consumer's reaction to the price cues and for the convenience of the exploratory investigation. As a result of the empirical study, consumers show differences in quality and value perceptions to the product with the same price depending on the perception whether the price is high or low. The apparel quality evaluation process goes through the steps of "product attributes - perceived quality - perceived value - purchase intention".

• Health Policy and Management
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• v.13 no.4
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• pp.84-98
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• 2003

This research objective is to determine the optimal price break points for n­block tariff, because comparing non­linear pricing with uniform pricing on the basis of profit, n­block tariff outperforms two­part tariff, all unit discount price schedule, and uniform pricing. Although the merits of non­linear pricing are well documented, the attempt to practice the non-linear pricing in medical service sector has been relatively rare. The determination of the parameters under n­block tariff is the interesting decision making agenda for marketers. Under n­block tariff, the marketers should decide the optimal price break points and the optimal marginal price for each price zone. The results can be summarized as follows: The researchers found that mixture model can be the feasible methodology for determining the optimal number of n­block tariff and identifying the optimal segmentation criteria. We demonstrate the feasibility and the superiority of the mixture model by applying it to the database of medical examination. The results appear that the number of patients per month can be the optimal segmentation variable. And 6­block tariff is the optimal price break for this medical service.